Define “Responsible” Homeowners – Please! An open letter to President Obama.

COMMENTS ARE WELCOMED.

We’re fortunate in Hawaii to have accessible U.S. Senators who have been on a first name basis with with their constituents forever. And at times like these U.S. Senator “Dan” Inouye has always been our “go to guy.” 

Aloha Senator Inouye –

This morning we received the email of President Obama’s Weekly Address:
It’s Time for Congress to Help Responsible Homeowners.

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Chapter 8 “Foaming the Runway” – Hero Neil Barofsky’s BAILOUT

Neil Barofsky is the author of the new book “BAILOUT: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street.”  If you read anything in Neil Barofsky’s new book – BAILOUT, you MUST read
Chapter 8 “Foaming the Runway”.  

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A Call to Action – Geithner Must Go!

Last week, undercover, [we] the government bought the servicing rights to 400,000 Bank of America bad loans – quoted as the worst loans and this is just a pittance of what Countrywide and Bank of America wrote during the subprime catastrophe that collapsed the American economy. Apparently, with very little forethought [we] the government agreed to “buy” these servicing rights that will on average cost an additional $10k – $50,000 to service, maintain and/or foreclose. Who was behind this imbalanced deal? Continue reading